General Atlantic Invests $870 Million in Jio Platforms

Paul, Weiss is advising General Atlantic LLC in its $870 million investment in Jio Platforms, the largest India-based telecommunications company. The investment, along with similar recent investments from Facebook Inc., Silver Lake Partners and Vista Equity Partners, repositions Reliance Industries-owned Jio as a major tech player in the world’s second-largest internet market. The transaction is subject to customary regulatory and other approvals.

The Paul, Weiss team includes, among others, corporate partners Matthew Abbott and Neil Goldman; and tax partner Lindsay Parks.